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51.

Which of the following is not correctly matched?

A.	Big-push strategy: Paul N. Rosenstein- Rodan	B.	Balanced growth theory: R. Nurkse
C.	Development with unlimited supplies of labour: A-0. Hirschman	D.	Critical minimum strategy: H. Uebenstein

52.

If the capital-output ratio is 4:1 and the annual growth rate of population is 2.5%, what will be required rate of investment in the economy in order to achieve 3% growth per annum in per capita income?

A.	30%	B.	20%
C.	15%	D.	12%

53.

With economic growth, the proportion of labour-force engaged in agriculture:

A.	Increases	B.	Decreases
C.	Remains unaffected	D.	Changes in an uncertain manner

54.

A strategy of heavy industry is sometimes preferred for a developing economy because it can:

A.	Generate employment opportunities on a large scale	B.	Provide a strong base for rapid industrialisation
C.	Contain inflationary pressures	D.	Meet deficits in balance of payments in the short-run

55.

In which sphere are shadow prices particularly useful?

A.	Project evaluation and cost-benefit analyses	B.	Calculation of surplus value
C.	Sales policy of firms	D.	Consumers equilibrium

56.

Identify the economist who first advocated a rolling plan for developing countries?

A.	J. Robinson	B.	N.Kaldor
C.	G.Myrdal	D.	Paul A.Samuelson

57.

Which of the following is inconsistent with the Schumpeter's theory of development?

A.	The course of growth is continuous	B.	The output expansion, initiated by the entrepreneue, increases in size with time, making it cumulative
C.	Growth takes place on account of entrepreneurs who, with the help of bank credit, invest in innovative activity	D.	Capitalism destroys itself by being successful through the erosion of its institutions, by the hostility of its intellectuals and other elite classes, and also by the weakening of entrepreneurial innovation

58.

According to the Schumpeter's model, the innovating entrepreneurs get the necessary finance from:

A.	Voluntary savings	B.	Own resources
C.	Bank credit	D.	Government

59.

Which one of the following was given a central place by Schumpeter in his theory of development?

A.	Capital accumulation	B.	Role of the Government
C.	Need for balanced growth	D.	Role of innovations

60.

With which of the following kinds of dualism is H. Myint particularly associated with?

A.	Technological dualism	B.	Geographical dualism
C.	Financial dualism	D.	Social dualism